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Avoid predicting the markets, Rather be reactive.
Mitglied seit Aug 21, 2020
12 Posts
Sep 02, 2020 at 05:38
when i started trading i learnt a few strategies and pair patterns but was still loosing more than i can make, but this was only until i learned to rather react than predict, so i would recite to myself "reacting is trading and predicting is gambling" keep in mind you must not be emotional about losses,
what also played a big role in my improvement was to understand that when it is said that about 70% looses their money, for me it was "out of 10 trades you will loose 7 and win 3 " so my 3 wins has to bring in more than all 7 loses😄 now this has made trading exciting even more
keep calm and a focused mind wishing y'all a successful trading journey
what also played a big role in my improvement was to understand that when it is said that about 70% looses their money, for me it was "out of 10 trades you will loose 7 and win 3 " so my 3 wins has to bring in more than all 7 loses😄 now this has made trading exciting even more
keep calm and a focused mind wishing y'all a successful trading journey
Sep 02, 2020 at 05:49
That's a good post. I agree, we shouldn't always be using our head in predicting and guessing what's gonna happen next, rather use it in planning different strategies to handle any unforeseen situation that comes up. Good point for traders.
Mitglied seit Aug 21, 2020
12 Posts
Sep 02, 2020 at 10:09
😉 @Fernando9 thanks, much appreciated
Sep 03, 2020 at 07:01
polyeseter posted:
when i started trading i learnt a few strategies and pair patterns but was still loosing more than i can make, but this was only until i learned to rather react than predict, so i would recite to myself "reacting is trading and predicting is gambling" keep in mind you must not be emotional about losses,
what also played a big role in my improvement was to understand that when it is said that about 70% looses their money, for me it was "out of 10 trades you will loose 7 and win 3 " so my 3 wins has to bring in more than all 7 loses😄 now this has made trading exciting even more
keep calm and a focused mind wishing y'all a successful trading journey
Well I agree with you. Many of us keep predicting and when its actually time to react, don't make the move. We really need to have a proactive approach instead.
Mitglied seit Feb 22, 2011
4573 Posts
Sep 03, 2020 at 07:37
polyeseter posted:
when i started trading i learnt a few strategies and pair patterns but was still loosing more than i can make, but this was only until i learned to rather react than predict, so i would recite to myself "reacting is trading and predicting is gambling" keep in mind you must not be emotional about losses,
what also played a big role in my improvement was to understand that when it is said that about 70% looses their money, for me it was "out of 10 trades you will loose 7 and win 3 " so my 3 wins has to bring in more than all 7 loses😄 now this has made trading exciting even more
keep calm and a focused mind wishing y'all a successful trading journey
Being reactive does not work. You have to enter position before the movement to make any profit.
When you jump to already running trade you can even lose.
Mitglied seit Aug 21, 2020
12 Posts
Sep 04, 2020 at 05:05
Evelyn55 posted:polyeseter posted:
when i started trading i learnt a few strategies and pair patterns but was still loosing more than i can make, but this was only until i learned to rather react than predict, so i would recite to myself "reacting is trading and predicting is gambling" keep in mind you must not be emotional about losses,
what also played a big role in my improvement was to understand that when it is said that about 70% looses their money, for me it was "out of 10 trades you will loose 7 and win 3 " so my 3 wins has to bring in more than all 7 loses😄 now this has made trading exciting even more
keep calm and a focused mind wishing y'all a successful trading journey
Well I agree with you. Many of us keep predicting and when its actually time to react, don't make the move. We really need to have a proactive approach instead.
100% on point
Mitglied seit Aug 21, 2020
12 Posts
Sep 04, 2020 at 05:14
togr posted:polyeseter posted:
when i started trading i learnt a few strategies and pair patterns but was still loosing more than i can make, but this was only until i learned to rather react than predict, so i would recite to myself "reacting is trading and predicting is gambling" keep in mind you must not be emotional about losses,
what also played a big role in my improvement was to understand that when it is said that about 70% looses their money, for me it was "out of 10 trades you will loose 7 and win 3 " so my 3 wins has to bring in more than all 7 loses😄 now this has made trading exciting even more
keep calm and a focused mind wishing y'all a successful trading journey
Being reactive does not work. You have to enter position before the movement to make any profit.
When you jump to already running trade you can even lose.
point noted @togr i am not taking away the fact that there are many ways to kill a cat, different strokes for different folks so my point that reacting is far best than predicting is based on many personal experiences and well known facts😉
Mitglied seit Feb 22, 2011
4573 Posts
Sep 04, 2020 at 06:13
polyeseter posted:togr posted:polyeseter posted:
when i started trading i learnt a few strategies and pair patterns but was still loosing more than i can make, but this was only until i learned to rather react than predict, so i would recite to myself "reacting is trading and predicting is gambling" keep in mind you must not be emotional about losses,
what also played a big role in my improvement was to understand that when it is said that about 70% looses their money, for me it was "out of 10 trades you will loose 7 and win 3 " so my 3 wins has to bring in more than all 7 loses😄 now this has made trading exciting even more
keep calm and a focused mind wishing y'all a successful trading journey
Being reactive does not work. You have to enter position before the movement to make any profit.
When you jump to already running trade you can even lose.
point noted @togr i am not taking away the fact that there are many ways to kill a cat, different strokes for different folks so my point that reacting is far best than predicting is based on many personal experiences and well known facts😉
Its hard to say which way is better when you do not share your account
Mitglied seit Aug 21, 2020
12 Posts
Sep 07, 2020 at 20:07
fxvps_pro posted:
In Forex, you should not go for predicting market condition. So you need to analyze the market and then decide about main trend and go for entry. It is hard to keep making profit with predicting the market without analysis
very true @fxvps_pro and you should consider yourself lucky if you make profit out of predictions without supporting reasons.
Mitglied seit Jul 20, 2020
278 Posts
Nov 10, 2020 at 20:29
Yes. Don't try to predict in the forex market. This market is the most volatile market. So, try to follow the market situation and condition.
Nov 12, 2020 at 02:41
Evelyn55 posted:polyeseter posted:
when i started trading i learnt a few strategies and pair patterns but was still loosing more than i can make, but this was only until i learned to rather react than predict, so i would recite to myself "reacting is trading and predicting is gambling" keep in mind you must not be emotional about losses,
what also played a big role in my improvement was to understand that when it is said that about 70% looses their money, for me it was "out of 10 trades you will loose 7 and win 3 " so my 3 wins has to bring in more than all 7 loses😄 now this has made trading exciting even more
keep calm and a focused mind wishing y'all a successful trading journey
Well I agree with you. Many of us keep predicting and when its actually time to react, don't make the move. We really need to have a proactive approach instead.
Well i believe, both the things predicting and reacting both go hand in hand, if you only react, you will limit your trade possibilities as you will never be able to enter a trade at a good profitable point. On the other hand if you are only predicting and the trade turns out to be opposite to your prediction then you are left with nothing but disappointment.
Thus, its best that you predict the market movement after detailed analysis and react according to the actual market conditions when the trade is running.
I hope you agree with this.
The more your practice, the more you learn.
Mitglied seit Aug 21, 2020
12 Posts
Nov 16, 2020 at 11:27
ele020 posted:Evelyn55 posted:polyeseter posted:
when i started trading i learnt a few strategies and pair patterns but was still loosing more than i can make, but this was only until i learned to rather react than predict, so i would recite to myself "reacting is trading and predicting is gambling" keep in mind you must not be emotional about losses,
what also played a big role in my improvement was to understand that when it is said that about 70% looses their money, for me it was "out of 10 trades you will loose 7 and win 3 " so my 3 wins has to bring in more than all 7 loses😄 now this has made trading exciting even more
keep calm and a focused mind wishing y'all a successful trading journey
Well I agree with you. Many of us keep predicting and when its actually time to react, don't make the move. We really need to have a proactive approach instead.
Well i believe, both the things predicting and reacting both go hand in hand, if you only react, you will limit your trade possibilities as you will never be able to enter a trade at a good profitable point. On the other hand if you are only predicting and the trade turns out to be opposite to your prediction then you are left with nothing but disappointment.
Thus, its best that you predict the market movement after detailed analysis and react according to the actual market conditions when the trade is running.
I hope you agree with this.
you have a valid point "after detailed analysis" Take note if you analyze first and trade based on your analysis it therefore mean you are reacting not predicting, remember you do not have to trade every day or just anytime without any valid reasons, one should have a set of rules as to when to take a trade if all your requirements are met you will find this method to bring you more profits if you practice it well and be strict about it
Mitglied seit Aug 21, 2020
12 Posts
Nov 16, 2020 at 11:35
Malajind posted:
Even for a beginner, the main thing is to learn how to control yourself and not chase after a big profit right away
true that, for beginners must know that big profits will come from the little that is collected in a long run, one should value as little as $ 10 profit to be pocketed and do that over & over and see you acc grow THEN once you have gained confidence in your trades you increase your lot size then grow bigger
Mitglied seit May 24, 2019
10 Posts
Nov 16, 2020 at 11:44
This is an interesting post. I would like if you could explain more about how you "react" in reality
Mitglied seit Aug 21, 2020
12 Posts
Nov 17, 2020 at 09:54
ManUnitedBest posted:
This is an interesting post. I would like if you could explain more about how you "react" in reality
when you react it means you go with the market trend, trading with the big institutions such as your hedge funds and big banks, now to do this you should analyze the cot data (commitment of traders report) for e.g always trade the trend, if its a bullish trend you will wait for the market to reach support and then monitor price action so you put your buy order with minimum risk and if its a bearish trend take your trade on resistance. its always best to trade the market trend thus fundamental and technical analysis work best together
Mitglied seit Jul 20, 2020
286 Posts
Nov 18, 2020 at 02:33
Trading is very difficult and to make this difficult thing easy you need proper money management and a trading plan. There may be a loss, but you don't have to go back from that loss, you have to learn from it.
Mitglied seit Aug 21, 2020
12 Posts
Nov 18, 2020 at 10:47
LeviSievwright5 posted:
Trading is very difficult and to make this difficult thing easy you need proper money management and a trading plan. There may be a loss, but you don't have to go back from that loss, you have to learn from it.
well said i couldn't have said it better
